Bank stocks - how much highter they can go

[Cloudybay]

for those in stock market...All bank stocks rallies more than 10% since Nov. 2012 After ex-divident of 1.64. CBA share price now quoted at 66.7... How far they weill go. CBA to hit 70 by early March ? Here comes your Punting $$$$ - if market keeps rising irrespective of "Not that excited economy" and lots of oversea Financial institutions redundant quite a few investment bankers here locally...

[8inches]

Some shares have doubled since the gfc Goodluck if u bought back then u'd be a happy chappy now.
Looks like Yamada o'clock now but i hope this thread doesn't get lost in spam

[project_manager006]

Anyone got good guesses as to why?

[Action Pump]

Don't trade stocks but i do trade FX. That question has been bothering me since start of the year. I wonder how much they can go. I wish i knew hahaha
I've been holding onto most Yen pairs since Nov/Dec.

[yamada]

Don't trade stocks but i do trade FX. That question has been bothering me since start of the year. I wonder how much they can go. I wish i knew hahaha
I've been holding onto most Yen pairs since Nov/Dec.

I think Yen getting go down for while maybe another 2week to 3weeks, Japanese Ministry of Finance started selling yen since 2 month before.

which currency you normally trading?

[Cloudybay]

Don't trade stocks but i do trade FX. That question has been bothering me since start of the year. I wonder how much they can go. I wish i knew hahaha
I've been holding onto most Yen pairs since Nov/Dec.

FX has different kind of Risk -- esp u r at Margin... Sure that Yen carry trade could still be easy bet...only if u r in that position when it was 8x yen to 1 aud. i.e 2012.


Banks funding position is much fluid....4 pillars means they are monopolised.. Gross yields between 7.5 - 8%. ....some positive factors to contemplate trading position.

[17012430]

Lol pm me, I work on the market and I don't wanna risk my job in public.

[cheungchau]

... there are always cycles.... would be somewhat a "smart investor " to take profit and reposition from time to time

[Cloudybay]

What a spell this post is! CBA adn NAB .. share price drop by 2.5% + in an hour's time ..When to jump back in -- timing timing

[yamada]

... there are always cycles.... would be somewhat a "smart investor " to take profit and reposition from time to time

yes, i agree. do not take big profit in once. until make big budget. minimum and maximum rate is risk.

[Action Pump]

I think Yen getting go down for while maybe another 2week to 3weeks, Japanese Ministry of Finance started selling yen since 2 month before.

which currency you normally trading?

I trade all the majors (except the correlated pairs like NZD or CAD), most yen pairs (again except the correlated pairs) and 1-2 EUR & GBP crosses Ie EUR/AUD. But i find i trade yen pairs the most as each trade never lasts more than few hours which suits my intraday trading style.

I'm still in EUR/JPY, AUD/JPY and very close to being knocked out of GBP/JPY since last nights announcement. This is the first I've ever held onto a trade for that long. Longest for myself has been 1 week.

[altgourami]

Admit it boys: short term trading is just another form of gambling.

[Action Pump]

I think so too. But if i compare FX and betting on Melbourne Cup. I'm still in the negative with the annual cup race. Its the only time i punt on horse racing.

Thats why i want to move to UK. No tax on profits as its considered gambling.

[yamada]

I trade all the majors (except the correlated pairs like NZD or CAD), most yen pairs (again except the correlated pairs) and 1-2 EUR & GBP crosses Ie EUR/AUD. But i find i trade yen pairs the most as each trade never lasts more than few hours which suits my intraday trading style.

I'm still in EUR/JPY, AUD/JPY and very close to being knocked out of GBP/JPY since last nights announcement. This is the first I've ever held onto a trade for that long. Longest for myself has been 1 week.

If i have hold EUR, i will change EUR to YEN, EUR going down for while. I always Keep YEN and YEN was very strong in 2years, when japanese Ministry of finance start selling yen, i changed yen to AUD, 3 month ago, now time to change AUD to YEN. EUR will go down like a YEN , if EUR going down, time to change YEN to euro.

I used to keep Basic currency USD and Yen and EUR for trading, AUD for private budget, FX is good to make budget for share, but pair is always has risk,

I recommend AUD for your private currency, choose one of currency from USD ,EUR, YEN, GBP for trading. I keep my profit by Gold,
I tried American share when i was in LA, when i start living Australia, the time line was very different and i stop doing share.
I hope your FX condition will getting better,

[jellyshots]

One of the shops should call their girl Bank Stock - Always goes down, but that's a good thing!

[Cloudybay]

One of the shops should call their girl Bank Stock - Always goes down, but that's a good thing!

Well ... no firm rule.... up and down is norm ... stay calm with a clear mind on goal, criteria, trigger etc. then fun will follow. It is fun.. ( ifyou sold yesterday afternoon and regret now... .why didn't I bought instead - buy low sell high. Ha ha easy to say!. )

The shop many name the girl Bankstock if she offers lots of fun to play with....

[8inches]

Where is Chickmagnet when u need him?

[jellyshots]

Where is Chickmagnet when u need him?

Stuck to a fridge I'd imagine.

[Licker]

The Australian bank shares are so high (and overpriced) at the moment mostly due the over valuation of property in Australia.
The large mortgages (that pump up the assets and balance sheets) are based on the expectation of the constant rise in property values.

FFS: NAB and CBA are valued over HSBC???

All that is needed to to start the downwards spiral is for the unemployment rate to go up 2 percentiles, so that some people (that would be quite a big number of people) can't make their mortgage payments, and the demand for both investment and home properties drops, which sets the prices to downward trend and the values go down.

Alternatively, if the government with their taxing efforts sets the price of iron ore (coal is really not that critical) high enough that China will start buying more of it from the South American producers (Brazil is more than happy to sell them all they need), that will set the Australian economy into total chaos.

If you buy banking stock now, be sure to follow the market (and more preferably the above mentioned indicators) very closely, so that you are ready to sell at a moments notice.

End of Economical rant :)

[rooter]

What has this forum come to???
We have gone from discussing BBBJ and DATY and CIM and WLs and MLs to ASX and CPI and FTSE and GDP !
WTF???
A sad day in the life of this forum ....
I have lost my hard on ...

[Licker]

What has this forum come to???
We have gone from discussing BBBJ and DATY and CIM and WLs and MLs to ASX and CPI and FTSE and GDP !
WTF???
A sad day in the life of this forum ....
I have lost my hard on ...

I agree, thus my final words "End of Economical rant".

[wilisno]

I agree, thus my final words "End of Economical rant".

Never mind, General Talk is for all kinds of talks, unless Admin creates another section to separate Punting and non-punting General Talks like PunterPlanet !

[rooter]

Never mind, General Talk is for all kinds of talks, unless Admin creates another section to separate Punting and non-punting General Talks like PunterPlanet !

It's cool guys, I am just taking the piss.
The beauty of this forum is that it is free and democratic and there are few rules.
My point is that it is a foum about punting and WLs.
If we start talking stock markets, footy, food, cars etc it kind of loses it's focus.
I can see the connection between stock markets and then money and then paying for sex.
"no money, no honey".
But I just think we need to stick to the theme and point of the forum ; punters, sex workers, brothels etc.

[wilisno]

It's cool guys, I am just taking the piss.
The beauty of this forum is that it is free and democratic and there are few rules.
My point is that it is a foum about punting and WLs.
If we start talking stock markets, footy, food, cars etc it kind of loses it's focus.
I can see the connection between stock markets and then money and then paying for sex.
"no money, no honey".
But I just think we need to stick to the theme and point of the forum ; punters, sex workers, brothels etc.

It has always been like this. Topics ranging from sex to politics, to gambling etc. it's nothing new ! As I said, if it gets too crowded, I'm sure Admin will create a separate section for non-punting talks like the private massage section.

[rooter]

Ok, since it's ok to talk about money and punting and investing let me steal travelmate's thunder for a minute.
I had a massive win on Milan defeating Barcelona yesterday.
Aussie bookmakers don't understand European football. If they did they would not offer such generous odds on the mighty Milan winning at home at the San Siro.
Anyway it's all good- 2 weeks of top shelf punting coming up.

[tpol]

I'm into FX trading too. I have made 5 times my capital since August last year. I had stopped trading for about 2 years and a friend got me hooked back on it.

I am long USD/JPY. I was originally thinking that the USD/JPY will go back to around 100 but I am thinking it has stopped in it's tracks.

In the past, I have lost a fair bit on GBP/JPY extremely volatile and if you take your eyes off it, it will move 1 way in a flash.

Have made a fair bit on the Aussie as well.

[tpol]

I used to trade equities in HK.

They were fun days with China Mobile and the Resource stocks such as Jianxi Copper, zijin mining, Cnooc and of course HSBC.

Used to trade the penny stocks too where they would jump 20-50% in one day. Just got to pick the right one !!! hahahaha!

ASX is not volatile enough

[MaxPunter]

Ok, since it's ok to talk about money and punting and investing let me steal travelmate's thunder for a minute.
I had a massive win on Milan defeating Barcelona yesterday.
Aussie bookmakers don't understand European football. If they did they would not offer such generous odds on the mighty Milan winning at home at the San Siro.
Anyway it's all good- 2 weeks of top shelf punting coming up.

Milan-Barca 2-0 exact score was quoted 1:30...no FX trading can beat that :-)

Return match i would bet Barca-Milan 3-1 exact score, Milan still qualifies but Barca will go out with honour

[tpol]

Fx Trading includes FX Margin trading whereby $1 is like trading $10,000.

So if you trade $100 it is like trading $1,000,000

[Cloudybay]

Threads about investment, gambling are really closely associate with this forum .,.. no money no Punt! When share market goes down, unemployment up ... no spare $$$ to punt. By the way will Amada San name his next Jgirl "BankStock",, "Carry Trade" ur imagination is the limit - essense of naming the WL as such.

[jellyshots]

Sex punting and financial punting are closely related anyway. You always go into a punt on the premise that it may be a bad punt and you lose your money - despite what other punters may have experienced in the past. There's also volatility in the market and external factors that affect trends.

One thing that remains constant is the punter looking for "blue chip" stock and when they find it, keeping it close to their chest.

[project_manager006]

I am loving this thread. Such brilliant financial minds on here - keep it up!

[Cloudybay]

Fx Trading includes FX Margin trading whereby $1 is like trading $10,000.

So if you trade $100 it is like trading $1,000,000

For those who trade FX ... do you turn off your Smart phone/Tablet so that ur punting session wont' be disrupted by the "Sophicated Alerts" that u set up. Pending the action/outcome the punting session could be a very expensive one. Need to plan properly as FX trade is gaining momentum ..

Quote from Reuters Friday article

After several lackluster years, the $5 trillion foreign exchange market has bolted back to life with institutional investors leading the charge and banks standing to gain from the activity.

[yamada]

Good luck for FX trader, this morning was very bad for many FX trader.

[rooter]

Bet on Italian soccer. If you have the right information it's a sure thing.

[Cloudybay]

Good for those who long USD and Euro vs Yen / GB. Remember to keep smart phone "Alert" on while punting.

[yamada]

Good for those who long USD and Euro vs Yen / GB. Remember to keep smart phone "Alert" on while punting.

In march USD will be down for sure, GBD and YEN keep down. but im not sure USD or EURO which one will be strongest currency in this year.

im good at moment!!!

[yamada]

Bet on Italian soccer. If you have the right information it's a sure thing.

I like Italian soccer sir. NAPOLI is my team.

[Sextus]

Bet on Italian soccer. If you have the right information it's a sure thing.

In that case Rooter why not provide it and start your won regular winning tips thread here? Put your statement to the proof!

[Cloudybay]

IMHO Yen can't keep depreciating... Japan needs to import lots of petroleum, Gas and other resources.. It is double edged sword to keep Yen too low... Keeping an eye on "USD/Yen AUD/Yen" trade closely .. hopefully can save a few $$$ for good massage sessions....


In march USD will be down for sure, GBD and YEN keep down. but im not sure USD or EURO which one will be strongest currency in this year.

im good at moment!!!

[Action Pump]

When i see a setup, i put in my stop loss and take profit, then i just walk away.


For those who trade FX ... do you turn off your Smart phone/Tablet so that ur punting session wont' be disrupted by the "Sophicated Alerts" that u set up. Pending the action/outcome the punting session could be a very expensive one. Need to plan properly as FX trade is gaining momentum ..

Quote from Reuters Friday article

After several lackluster years, the $5 trillion foreign exchange market has bolted back to life with institutional investors leading the charge and banks standing to gain from the activity.

[Action Pump]

Depends, all my signals were going in the direction of todays open. I could have made 50 pips profits easily on so many pairs. BUT and a big but, i never open trades on a Friday as you may never know what Monday brings. The only time i will keep a trade open is if its moved ahead by a lot or i have taken some profit from existing trade.


Good luck for FX trader, this morning was very bad for many FX trader.

[yamada]

Depends, all my signals were going in the direction of todays open. I could have made 50 pips profits easily on so many pairs. BUT and a big but, i never open trades on a Friday as you may never know what Monday brings. The only time i will keep a trade open is if its moved ahead by a lot or i have taken some profit from existing trade.

this week is good to make profit. I hope many punter make profit next morning too.

[yamada]

IMHO Yen can't keep depreciating... Japan needs to import lots of petroleum, Gas and other resources.. It is double edged sword to keep Yen too low... Keeping an eye on "USD/Yen AUD/Yen" trade closely .. hopefully can save a few $$$ for good massage sessions....

Yes, i think Yen keep low for while, Japanese Ministry of Finance selling Yen again!!! its quite big amount and Japanese try to keep low, but i guess until March, from this march USD going down for sure and i think AUD too.

Japanese always need export more than import, its depend on season too. i think Japanese economy getting better since last year. one of japanese statesman managing Japanese currency, he knows now is the best timing to ask community for help.

[tpol]

Yeah I buy dollar /yen on dips

[tpol]

Good luck for FX trader, this morning was very bad for many FX trader.

Depends on your position. I was long usd/jpy and short aud/nzd

Closed both positions in profit.

Have placed my order for usd/jpy when it falls back

The most important thing is having a system to know when to enter and trade the size relative to your capital

[tpol]

When do you guys take profit? I have taken profit but if I had kept it i could've made more. I then there are times which I hold on and it then goes against me and my profits are erased. Nowadays if I make money I am happy

[Action Pump]

The way my system works is open 3 lots. 1st is 1:1, 2nd 2:1 and my 3rd is ride the 20ema. I also move stop loss as it reach each target. I trade the 1hr and 4hr chart as it doesn't require me to be stuck in front of the screen all day.

The first thing i was ever taught was getting over emotions and that aiming to get every last bit of pips is not advisable. I'm like you...if i reach a target, then i'm happy. So what if it moves another 100-200 pips! That was hard to over come at first.

That's why i love forex as opportunities arises all the time.

[Max Impact]

I think they will go up a bit and go down a bit, I hope that helps.

[yamada]

currency will go up and down. i can do up,side,down helicopter for New porno actress sir!!!!

she is so sweet!!!!!!!!!!! i want to trade her juice and my sperm :love:

[tpol]

Ap that's what I do. Except I don't look at just the ma . I I have other indicators such as the ichimoko (sp) the cloud and if there was a big movement I might reduce the position and take profit. that's why capital vs trade size is important and like u said there are always opportunities with so many different pairs although I mainly stick to usd ones. I I have been burnt trading gpy/jpy and don't touch that now

[yamada]

i was lucky to buy Yen yesterday.

[tpol]

Whoa, for those who were trading the Yen last week what a pearler.

I had 2 lots long on USD/JPY.

It went well against me and I put in another 2 lots after a drop of 1 big figure.

It still went against me and I put in another lot.

It got really scary and I nearly pulled the plug and take a big loss.


Then the USD strengthened and I slowly unwound my positions with a small profit. Didn't want to push my luck.


Now am long GBP/USD and AUD/USD.


I am really starting to think that the YEN weakening is slowing down.

[Action Pump]

Ouch on the AUD! Where was your stop loss?

[cheungchau]

Hope that punting $$$ damage is limited. FX just like Yoyo... Up Down Up Down. ...

[Cloudybay]

With Italy saga continue....comment on Short EURO ?

[tpol]

No stop loss on the aud. Just ride it out. Before the rate decision tmr it will move up or down and then bounce back. I will ride it out for the time being unless ny trading hours makes a u turn for Mr. I shorted usd/jpy too

[rooter]

In that case Rooter why not provide it and start your won regular winning tips thread here? Put your statement to the proof!

Sextus, you are so naive! An inside tip is just that, an inside tip. It's totally useless if you share it with the world!!

[chandra_man1]

so what happened to the stock market today ? itfell due to worries in china GDP growth concerns. so what ? market will bounce back tomorro or this week anyway. so who are these people that sold to cause it to drop today. the stockmarket and financial market is just a casino these days. prices manipulated and distorted by gamblers on it.

[Action Pump]

You're a brave man trading without stop loss.

Interest rate has been expected to go down though. I wish you luck! I'm staying out from trading aussie until tmr.


No stop loss on the aud. Just ride it out. Before the rate decision tmr it will move up or down and then bounce back. I will ride it out for the time being unless ny trading hours makes a u turn for Mr. I shorted usd/jpy too

[tpol]

Cloudy Bay, depends on how you trade. It does seem like US Dollar strength and thus the EUR appear to be trending down. However, I trade on overbought and oversold volatility. So if there is a big move, I jump in and wait for the rebound and take profit.

Hi Action Pump. The USD/JPY recently was wilder. Had to increase my positions 3 times as it was going against me. However, it returned past my original entry point and I profited.

Trust me, I will be watching it like crazy tommorrow. So I will get out when I smell fire.

The market doesn't trade like it used to. In the old days, when interest rates goes down, meaning the economy is bad, the AUD will fall. Nowadays, if the interest rate goes down, you can't really tell. People will usually move to Aussie stocks and overseas buying can push the Aussie up.

I have been burnt alot of times on stop losses especially overnight whereby the exchange rate is pushed to my stop loss and then bounces back.

Trust me, the brokers know where the stops are and if they can hit your stop, they will try to do it.

I used to work on the trading floor in Global Markets and for equity or foreign currency linked deposits and the like, the traders knew where the client's barriers were and pushed the market there to cross the barriers and hence the bank makes the profit and the client loses.

[Action Pump]

Yea you're right about news trading interest rates. I haven't noticed much continuation after news announcement.

I've always known brokers did dodgy things like that but could never prove it. Worst is brokers lie in your face about it. I sometimes check FXCM and DailyFX data feed and my broker would always move it a few pips against me.

[Cloudybay]

Cloudy Bay, depends on how you trade. It does seem like US Dollar strength and thus the EUR appear to be trending down. However, I trade on overbought and oversold volatility. So if there is a big move, I jump in and wait for the rebound and take profit.
.

USD also has its own problem.... budge/QE program continuation. Hence question.
Market forecaste Rate to hold 2morros.. Tend to believe so. Market reaction, as tpol stated, you guess

[mkko2]

Australia has a long history of stable and safe banks.
One indicator is the fact that virtually no Australian has lost their deposit in an Australian bank in the last 100 years. The last failure where depositors’ money was lost occurred in 1931 when depositors in the Primary Producers Bank of Australia lost a negligible amount of their deposits.
Another indicator is that not a single dollar of taxpayers’ money has been demanded or required to reimburse bank depositors in over one hundred years. Even during the severe 2007 financial crisis, when banks were failing around the world, Australia’s banking system remained stable and open for business.
Australian banks are prudently managed using international best practice, well regulated and, for these reasons, retain amongst the highest credit ratings in the world.
Savers can rest assured their bank deposits enjoy a high degree of safety. When making payments, customers can be confident the system is very safe and secure.

[mkko2]

Australia has not had a thorough bank failure in the modern era and so has not experienced the fallout from a collapse first-hand.
We need to look overseas for examples of how things can go terribly wrong.

The investment and retirement plans of numerous Australians are closely tied to the vigour of the banking system.
Investment and Financial Services Association (IFSA) estimates that approximately nine million Australians have an interest in Australian-listed stocks through wealth management or superannuation funds. The overwhelming majority of those funds would include bank stocks because of the need to provide balance to individual's fund portfolios as bank stocks account for 25% of the ASX index.
Furthermore, based on banks’ share registry figures, an estimated 2.1 million direct shareholders benefit from dividends.
Banks are also pivotal to the Australian capital market as part of the ‘Finance and Insurance’ category that today makes up around 33% of market capitalisation on the Australian Stock Exchange (ASX) – see Figure 1, the largest single segment. This slice has increased from around 20% in the early 1990s.

[tpol]

Made 70 pips on my yen and my sterling trade and closed to take profit. aud position down 20 pips. Might close it to be safe and take a small loss.

I am usually confident in my system to identify entry points but of course it is not always right

[Cloudybay]

CBA hit 12 month high this morning... appreicate 44.2% in 12 months!!!
Expensive PE vs 4 Pillars monopoly.

[Cloudybay]

Hi Tpol . AUD improves this afternoon .. Good luck!


No stop loss on the aud. Just ride it out. Before the rate decision tmr it will move up or down and then bounce back. I will ride it out for the time being unless ny trading hours makes a u turn for Mr. I shorted usd/jpy too

[tpol]

I took the safe option and took a 20 pip loss this morning as I made 70pips overnight

[Action Pump]

Looking to go short on Aussie? Its hanging around resistance atm

[Cloudybay]

Looking to go short on Aussie? Its hanging around resistance atm

For how long?

[Action Pump]

If i knew the answer to that question, i'd be a rich man! haha

[tpol]

Looking to go short on Aussie? Its hanging around resistance atm

you probably could but on my charts it's not a sure thing. I can see resistance at 1.0244 or around there.

I dont see any definites yet so I will sit out and wait for the next opportunity.

[tpol]

For how long?

doesnt matter as long as money is made.

[tpol]

Should be kept my position lol

[tpol]

Justed shorted AUD and shorted USD/JPY

[Cloudybay]

Justed shorted AUD and shorted USD/JPY
will short AUD toooo. Trading Bank stocks still a safer Bet.. to fund Penfold 2008 Grange

[yamada]

will short AUD toooo. Trading Bank stocks still a safer Bet.. to fund Penfold 2008 Grange

since 2weeks, i made much profit by JPY and AUD, and USD, im going to buy EUPO after next down hill of JPY/USD and JPY/AUD

[Cloudybay]

since 2weeks, i made much profit by JPY and AUD, and USD, im going to buy EUPO after next down hill of JPY/USD and JPY/AUD


Own opinion JYEN /USD may go lower... new chief of BOJ probably be more aggressive ...

[yamada]

Own opinion JYEN /USD may go lower... new chief of BOJ probably be more aggressive ...

USD will down 5% in this month, JYEN will keep up and down this month, need to identify the start point. I keep JPY for next 3month.

i changed USD to Euro, for next 2week to 3weeks.

[tpol]

yen went against me so i closed aud shorts breaking even to leave capital to fight the yen

[cheungchau]

coming week position - m seriously consider Long Euro/USD , USD/Yen...

[yamada]

coming week position - m seriously consider Long Euro/USD , USD/Yen...

I think so, AUD /JPY and USD/JPY better finish now.

start Euro/ USD . also end of march GOLD will be down because of USD. it will down hill for while keep watch GOLD!!!


no need to get lowest and highest, always keep safety.

[Cloudybay]

USD/Yen overnight up 1.2 at 96.02. Time it right... and not GREEDY.. Punting fund is handy for weeks/months....

[tpol]

USD/Yen overnight up 1.2 at 96.02. Time it right... and not GREEDY.. Punting fund is handy for weeks/months....

Took me 10 days to fight the weakening yen as I thought it would strengthen. But took the ride from 96 -> 94 and made a lovely 1.5 big figures (original trade made a small loss) Doubling up as it kept on getting further away from me. FInally closed everything and made a nice profit

[Cloudybay]

Took me 10 days to fight the weakening yen as I thought it would strengthen. But took the ride from 96 -> 94 and made a lovely 1.5 big figures (original trade made a small loss) Doubling up as it kept on getting further away from me. FInally closed everything and made a nice profit

well done.... Thanks to Cyprus....

[tpol]

Thks. I longed the euro yday but got spooked by Cyprus and closed straightaway. Made 30pips as well

[Cloudybay]

Lots of unexpected.. do not hurt be more caucious.

[Cloudybay]

Took me 10 days to fight the weakening yen as I thought it would strengthen. But took the ride from 96 -> 94 and made a lovely 1.5 big figures (original trade made a small loss) Doubling up as it kept on getting further away from me. FInally closed everything and made a nice profit

Last week -- a big dip in punting fund! Recover Recover!!!
The new JCB chief vowed to deliver inflation target -- continue to short Yen or... Cyprus /Euro to spoil the party.

[tpol]

I had some nice trades yesterday and the day b4 made nice money long euro and shorted usd/jpy

Now I am long usd/jpy and short aud/usd

[lollypop]

Hi Guys,
Just wondering if you know company called Fortune Plus , they have been emailing and calling me asking me to join FX trading with them. I have done some research online and some people saying they nothing but scam artist . Who is the best to learn FX in small scale?
Hope you guys can point me to the right direction
Thanking you in advance

[tpol]

Hi Guys,
Just wondering if you know company called Fortune Plus , they have been emailing and calling me asking me to join FX trading with them. I have done some research online and some people saying they nothing but scam artist . Who is the best to learn FX in small scale?
Hope you guys can point me to the right direction
Thanking you in advance

I have never heard of them. I use FXCM. To learn goto FX user groups, forums etc.

You can open demo accounts but you willl find that it is different when you use real money

good luck

[Cloudybay]

Where r the currency Punter? After USD/JPN how far will you long USD/AUD?
AUS market starts showing sign of retreating -- hopefully not into mid-cold Winter that soon....It will hurt all kind of business and doubt punting industry will exempt..

[AZNELITE88]

CBA is doing well.